Congressman Davis introduces bipartisan legislation

Big “I”, the nation’s oldest and largest national association of independent insurance agents and brokers, has expressed its support for the bipartisan legislation sponsored by Rep. Geoff Davis (R-KY) and Rep. David Scott (D-GA).  The legislation, H.R. 5611, “would provide for streamlined non-resident insurance agent and broker licensing while preserving the market conduct rights of states and their ability to supervise agents and brokers.”  To read the statement from Big “I” click here. 

WASHINGTON, D.C., March 13, 2008—The Big “I” today expresses its strong support for bipartisan agent licensing reform legislation introduced by Rep. David Scott (D-Ga.) and Rep. Geoff Davis (R-Ky).  This legislation is also supported by the National Association of Insurance and Financial Advisors.

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“Big ‘I’ members from all over the country encounter unnecessary and duplicative non-resident licensing requirements that cost them time and money, and these expenses are ultimately detrimental to insurance consumers,” says Big “I” President & CEO Robert A. Rusbuldt.  “The NARAB Reform Act would solve these difficulties created by a lack of true reciprocal licensing and also would not impact agents who are satisfied with the current system.  This bill only applies to non-resident licensing and does not pertain to resident licensing in any way.”

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“We commend Reps. Scott and Davis for introducing this important legislation,” says Charles E. Symington, Big “I” Senior Vice President, Government Affairs.  “Our support for this bill will be the primary focus of our Legislative Conference early next month when more than 1,200 insurance agents from across the country will come to Washington D.C. to advocate on certain issues with their federal representatives.  We look forward to working with Reps. Scott, Davis and other Members of Congress on this bill that will benefit both insurance agents and the consumers they represent.”